Albuquerque
About Albuquerque, New Mexico
Welcome to Albuquerque, New Mexico's largest city, renowned for its unique blend of cultural heritage, natural beauty, and innovative spirit. Albuquerque sits in the high desert and offers stunning landscapes, a vibrant arts scene, and rich culinary traditions. Known for the International Balloon Fiesta, the city fills with color each year, attracting visitors from around the world. Albuquerque's economy is diverse, with strong sectors in research, technology, and film production, alongside its historic roots in trade and agriculture. Residents enjoy a variety of outdoor activities, thanks to the city's sunny climate and proximity to the Sandia Mountains.
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Average Home Prices in Albuquerque
The average home price in Albuquerque, NM, stands at approximately $321,411.
Based on calculations of home data from MLS and/or public records.
New Mexico Veteran Benefits
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New Mexico Veterans Home
Located in Truth or Consequences, this facility welcomes honorably discharged veterans and their spouses, offering priority to New Mexico residents, with associated fees for services provided.
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Income Tax Benefits
Active duty military pay is exempt from state income tax. Military retirement pay follows a phased tax exemption plan, increasing annually from 2022 onwards.
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Disabled Veteran Tax Exemption
Veterans with a 100% service-connected disability rating by the VA are eligible for a complete property tax waiver on their residence.
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Standard Veteran Property Tax Exemption
Veterans or their surviving spouses in New Mexico may qualify for a property tax reduction on their home's taxable value.
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Vehicle Tax Exemptions
Veterans with certain service-connected disabilities are exempt from excise taxes on new vehicle purchases and may qualify for reduced vehicle registration fees.
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Employment Preference
New Mexico adds preferential points to the final passing scores of honorably discharged veterans or National Guard members in state employment exams, with additional points for service-connected disabilities.
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Education Benefits
The state offers various scholarships and tuition waivers for children of deceased veterans, Vietnam veterans, and wartime veterans, supporting their higher education endeavors.
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Recreation Benefits
Veterans enjoy privileges like free access to state parks and museums on Veterans Day, reduced fees, and special hunting and fishing licenses, enhancing their quality of life in New Mexico.
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New Mexico State Veterans Cemeteries
State veterans cemeteries in Angel Fire, Ft. Stanton, and Gallup provide burial services for honorably discharged veterans and their spouses.
Albuquerque Neighborhoods and Surrounding Areas
Albuquerque's neighborhoods are as diverse as its landscape, offering unique living experiences across the city. Here's a detailed look at 20 neighborhoods:
- Nob Hill: A vibrant area with a mix of local shops, restaurants, and nightlife, appealing to students and young professionals.
- Old Town: The historic heart of the city, offering a glimpse into Albuquerque's past with its adobe architecture and charming plazas.
- North Valley: Features lush greenery and larger, rural-style lots, offering a quieter, more laid-back lifestyle.
- Ridgecrest: A residential neighborhood with a strong sense of community, known for its parks and mid-century homes.
- Four Hills: Offers upscale living with beautiful homes and excellent views, attracting families and professionals.
- South Valley: Known for its agricultural roots, the South Valley provides a blend of rural and urban living with a rich cultural heritage.
- Downtown: The urban core of Albuquerque, bustling with businesses, arts, and entertainment, suited for those seeking an urban lifestyle.
- Uptown: A modern, business-focused area with shopping, dining, and apartments, popular among young professionals.
- Westside: A rapidly growing area with new developments, offering family-friendly living with stunning desert landscapes.
- Corrales: Just outside Albuquerque, this village-like area offers a pastoral setting with art galleries and local markets.
- Taylor Ranch: A family-oriented neighborhood with good schools, parks, and community amenities.
- Paradise Hills: Known for its affordable housing and golf course, it's a popular choice for retirees and families.
- North Albuquerque Acres: Features spacious properties and custom homes, appealing to those seeking a more suburban or semi-rural setting.
- Highland: Offers a mix of affordable housing, close to the University of New Mexico and medical facilities.
- Ventana Ranch: A planned community with modern amenities, parks, and schools, catering to families and professionals.
- Sandia Heights: Nestled at the base of the Sandia Mountains, this area offers luxury homes with breathtaking views.
- Bear Canyon: A quiet, upscale neighborhood with access to shopping, dining, and the Arroyo del Oso Golf Course.
- La Luz: A unique community known for its distinctive adobe townhomes and strong neighborhood association.
- Silver Hill: A historic area near the university, offering a blend of single-family homes and student housing.
- Volcano Cliffs: Offers newer homes with modern amenities, set against the backdrop of volcanic rock formations.
Military in Albuquerque
- Kirtland Air Force Base: A significant military installation in Albuquerque, Kirtland plays a crucial role in the local and national defense landscape, providing numerous jobs and resources for the community.
- Support for Veterans: Albuquerque offers robust support for veterans, with numerous services, healthcare facilities, and community programs dedicated to assisting those who have served.
- Military Community: The city has a vibrant military community, with various organizations and events aimed at supporting service members, veterans, and their families.
Local Universities in Albuquerque
- The University of New Mexico: As the state's flagship institution, UNM offers a wide range of programs and is a significant contributor to Albuquerque's educational and cultural scene.
- Central New Mexico Community College: Provides accessible education and training opportunities, playing a vital role in the community's workforce development.
VA Home Loans in Albuquerque with MHS Lending
- Local Real Estate Expertise: MHS Lending provides veterans with in-depth knowledge of Albuquerque's real estate market, aiding them in finding the right home.
- Guidance on VA Loans: Veterans receive specialized assistance with VA loans, ensuring they can maximize their benefits and navigate the home buying process efficiently.
- Personalized Service: Tailored support helps veterans understand their options and make informed decisions when purchasing a home in Albuquerque.
Discover the opportunities for homeownership with MHS Lending's VA home loan services in Albuquerque. Get Started Now.
